Women Share Stories of Sexual Assault and Harassment With #MeToo

  • OTHER HARVEYS: It's been tough to look away from all the Harvey Weinstein news over the past few weeks. We're glad it's coming to light, but we recognize the pain many survivors are feeling right now. Molly Ringwald's piece for The New Yorker, All The Other Harvey Weinsteins, was especially striking for us.
  • #METOO: Erin Lowry of Broke Millennial  shared a post on the intersection of #metoo and money that resonated. Check it out.
  • BEAUTY TECH: More than 60% of Sephora's tech employees are women, The Wall Street Journal reports.
  • FAST FOOD: Fast food was created by and for men... so where do women fit in? Buzzfeed asks.
  • STEEL WORK: This New York Times piece follows a woman who landed a job in the steel industry to escape from her abusive boyfriend. It details how the industry saved her before the plant moved to Mexico.
  • BLACK MONDAY: This Bloomberg retrospective on Black Monday, the day 30 years ago when the stock market fell 23%, is terrifically reported and can teach us a lot about the markets. 

- Alicia McElhaney / She Spends Issue #25

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Sexual Harassment Dominates Headlines (Again)

  • SEXUAL HARASSMENT: This week was tough. More women came forward about Harvey Weinstein's decades of sexual harassment in the workplace, and others were named as harassers. We could link to any number of stories here, but we think Man Repeller's piece on dealing with sexual harassment while it's happening is the most actionable.  
  • BAD APPLE: Apple's diversity chief has an interesting view on diversity, Quartz reports
  • DIAMONDS IN THE ROUGH: Challenges at work suck, but there are ways to learn from them. This Lenny piece details how. 
  • MIDDLE MANAGERS: Women are stuck in middle management, the Wall Street Journal reports. We can get them out through intensive leadership programs and other initiatives. 
  • GRAB YOUR WALLET: We still have a lot of work to do when it comes to opposing Trump's family of companies, Grab Your Wallet founder Shannon Coulter told Shondaland
  • ACQUISITIVE BEHAVIOR: We love this list on Medium of seven companies founded by black women that were successfully acquired.
  • BOSSY BABES: More women are asking for raises, the Wall Street Journal reports. But there's a catch: Once these women ask for more money, they're seen as bossy and intimidating by their co-workers. 

- Alicia McElhaney / She Spends Issue #24

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Who Is Your Harvey Weinstein? And How Can We Stop Shopping So Much?

  • HARVEY WEINSTEIN: The New York Times reported Thursday that several women have accused legendary producer Harvey Weinstein of sexual harassment. His harassment, apparently, was no secret among industry women. Which then begs the question... who is the Harvey Weinstein in your industry? 
  • MINIMALISM: The Cut's Money Mom answered a reader question this week on training yourself to want less stuff. One takeaway? Instituting a waiting period works.  
  • CEO GAP: African American women are not making it to the top at Fortune 500 companies,Fortune reported. According to former Xerox CEO Ursula Burns, it's a result of our education system, which doesn't prioritize these women. 
  • LEANING IN: Black millennial women can't "lean in" to a system that's not working for them, according to Mic
  • SNAKE OIL: Are you into essential oils? Check out this report in The New Yorker  on how major oil companies like doTerra and Young Living promise to cure our age of anxiety. 
  • BLAME GAME: Health insurers are blaming President Donald Trump for the rising prices of insurance, Axios reports. 
  • A NOTE ON LAS VEGAS: What happened in Las Vegas this week was horrific. These two pieces by Crooked Media and the The Washington Post sum up the pain best. If you're feeling lost, get involved here or here. You can also donate to a GoFundMe account to help the victims.

- Alicia McElhaney / She Spends Issue #23

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GOP Releases Tax Plan, Industries Remain Sexist

  • TRUMP TAX PLAN: The GOP unveiled framework for the new tax plan they hope to pass by the end of 2017 this week. Under the code, corporations' taxes will fall from between 25% and 35%to 20%. The proposal, intended to help the middle class, will mostly benefit wealthy people, according to the New York Times
  • LADY PROBS: Asia has a woman problem, according to Bloomberg. Women are absent from boardrooms and C-suites in the growing economy.
  • BROW SAVER: Power brows won't fix the wage gap per se... but at least they're doing something, so says Reductress.
  • BANKRUPT: A ProPublica investigation shows that the U.S. bankruptcy code is failing black Americans. Primarily to blame, according to the report, are the practices of Southern bankruptcy lawyers. 
  • NOBEL PROBLEMS: The last woman to win a Nobel Prize for physics did so in 1963, according to Scientific American. That year, Maria Goeppert Mayer, won the prize for discovering that an atom's nucleus has an onion-like structure.
  • VC REPPIN': Why aren't venture capital firms funding the companies we need? It's all about representation, according to Fast Company.
  • TOUGH COMPETITION: Alice Milligan, chief customer and digital experience officer, is helping CitiGroup compete in a digital-first economy by developing new products and deploying them quickly, according toBusiness Insider.
  • WALL STREET SEXISM: Wall Street is in its sixth decade of ogling and groping women, unfortunately, according to Institutional Investor.

- Alicia McElhaney / She Spends Issue #22

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Is the VC Industry Any Less Sexist? The Jury is Still Out

  • VC FUNDING: This week, one of our favorite companies, Ellevest, raised a fresh round of funding, worth $34.6 million. The news backs up a new report from the Venture Capital Journal that shows that more women-led companies are getting funded by venture capital firms. But there's still a way to go. Bloomberg reported this week that a smart breast pump device, beloved by women, can't get funded because venture capitalists don't get it. 
  • PAID LEAVE: Ever wonder how to advocate for paid leave? You have to own your power, expert Angela Romei told Ladies Get Paid. 
  • RACIST ECONOMY: The American economy isn't getting any less racist, a new study shows. Employers are still discriminating against African American job applicants. 
  • SHOO-IN DEAL: Jimmy Choo shareholders voted to approve the acquisition of the company by Michael Kors for $1.2 billion. 
  • MORE EXCITEMENT: Ever wonder how to get more excited about the boring things you have to do at work? This Harvard Business Review piece gives you a few ways to do so. 
  • SHONDA ON MONEY: We are BEYOND obsessed with the new Shondaland website. Check out this list of money apps that actually help you save some serious cash. 

- Alicia McElhaney / She Spends Issue #21

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Toxic Work Cultures, Mnuchin Speaks & Paraguard Sells

  • TOXIC WORK: We read several interesting stories on toxic work environments this week. Of course, the toxic work culture at lending start-up Social Finance, (SoFi) was top of mind. But we were also intrigued by this Dear Prudie column on bad workplaces. 
  • MNUCHIN SPEAKS: This week, Treasury Secretary Stephen Mnuchin spoke at the Delivering Alpha Conference, a gathering for asset managers in New York. He promised tax reform and changes to the way hedge funds pay taxes. Also notable in Mnuchin's world? He requested a government jet for his honeymoon to Europe. Yikes.
  • IUD SALE: The non-hormonal IUD, Paragard, has been sold to medical device maker The Cooper Company (COO) for $1.1 billion from Teva Pharmaceuticals (TEVA). No changes are being made to the device as a result of the deal.
  • TULIP 2.0: JP Morgan Chase head Jamie Dimon said this week that he views bitcoin as the second coming of the Tulip Crisis (the very first economic bubble). 
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- Alicia McElhaney / She Spends Issue #20

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Trump, Dems Raise Debt Ceiling While Hurricane Irma Looms

  • RAISE THE ROOF: On Wednesday, Donald Trump struck a deal with Democrats to raise the debt ceiling and keep the government open through December. The stock market responded in kind, as investors breathed a sigh of relief -- at least for now.
  • CYBER STRUGGLE: Equifax, one of the three major agencies that checks your credit, was targeted by hackers. Nearly half of all American adults had data stolen.  Check to see if your social security number, birth date and address were impacted here.
  • WAGE GAP GROWTH: The gap between white and black workers' salaries is growing. On average, black men earn 70% of a white man's salary, which has fallen from 80%, where it was in 1979. The wage gap is even worse for black women, the study showed. 
  • INVESTMENT HOW-TO: Lenny Letter interviewed our heroine, Sallie Krawcheck, this week, about how to get started investing. Check it out!
  • PROCTER & GAMBLE SHAKEUP: Trian Partners, a hedge fund activist investor, is working to shake up Procter & Gamble. The parent company of Herbal Essences and Tampax has struggled to make innovative changes over the past few years, which is why Trian Partners has gotten involved. 
  • CHIC CHANGE: Ever consider setting up your budget so you can afford clothes each month? This Racked guide can get you started.
  • MARKET MADNESS: Goldman Sachs CEO Lloyd Blankfein said this week that he's worried about the stock market, given that yields on corporate bonds are lower than dividends on stocks. Translation: Investors who put their money into debt are seeing returns, while those who hold stocks are not. This could signal a market downturn.
  • IRMA: Hurricane Irma has already torn a path through Puerto Rico and is heading for Florida. If you want to know how to help those impacted, check out this guide. 

- Alicia McElhaney / She Spends Issue #19

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CREATE A MALE CO-FOUNDER, GET DOUBLE THE INVESTORS

  • HARVEY RELIEF: We're devastated by the flooding in Texas that resulted from Hurricane Harvey. If you're looking for places to donate, click here. Please also consider checking up on your insurance on your home or apartment - make sure you're protected from flooding and other natural disasters.
  • KEITH MANN: Ever wonder what it would be like to do your job as a man instead of a woman? These startup founders did and found that the man they invented got a greater response from investors. Yikes.
  • SERVICE WORKERS: We love this new podcast, In the Service, about what it's like to be a woman working in the food industry.  
  • INVESTMENT FOMO: A new tool, Extreme FOMO, shows how much money you could have if you invested it in major companies instead of letting it sit in savings. 
  • OUTLAST THE COMPETITION: Ever wonder how to deal with ultra-competitive coworkers? According to Ladders, backing down is the worst thing you can do. 
  • BAD PR: Black Girls Who Code turned down a major investment from Uber because it viewed the move as a gross PR stunt, Blavity reports. 
  • RICH BITCHES: Two American women, Judy Faulkner and Meg Whitman, are among tech's richest, BizWomen reported this week. Faulkner founded medical records company Epic and is worth about $3.4 billion, while Whitman, former CEO of HP and eBay, is worth about $2.8 billion.
  • BIDDING WAR: A bidding war broke out this week over U.K. fashion retailer Matchesfashion. Offers from multiple private-equity firms hovered around £800 million. 
  • LINKEDIN BIASThis Quartz report shows a major difference between men and women's LinkedIn profiles that can be damaging to women in the long run. 

- Alicia McElhaney / She Spends Issue #18

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AVOCADO LOVERS CELEBRATE, WOMAN SUES IN DEFENSE OF HEAVY FLOW

  • AVOCADO JUNKIES REJOICE: Amazon's acquisition of Whole Foods is closing on Monday, which in M&A world is a super fast turnaround. The good news that comes with this announcement? Amazon is lowering prices of many Whole Foods products on Monday, including avocados. Another perk? Prime members are going to get major deals. 
  • HOT BOD: How much is too much to spend on a fitness class? the Wall Street Journal asked. 
  • POOR ADVICE: People who have never lived in poverty need to stop telling poor people how to live. There's so much bunk advice out there for people making minimum wage that doesn't work in practice. The Establishment breaks it down.
  • PERIOD SUIT: A woman was fired from her for having a heavy flow. In response, she's suing the company. Go girl! 
  • UBER MONEY: Axios got access to Uber's financial statement. The private company is often tight-lipped about their money, so this sneak peek is certainly interesting. But buyer beware! Since the financial statement is self-reported, it can be tweaked to reflect favorably on Uber. 
  • LADY LOVE: We love this list of 30 female-founded startups that are creating products people are obsessed with. Glossier, Away and 23andMe all make appearances on the list. 
  • NEGOTIATION: Amy Schumer retroactively negotiated more money for her Netflix special when she found out that Chris Rock and Dave Chappelle were making nearly DOUBLE on their comedy specials. 

- Alicia McElhaney / She Spends Issue #17

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CEOs Go Rogue While The Stock Market Weakens

  • ROGUE CEOS: The two White House business advisory groups - the Manufacturing Council and the Strategy and Policy Forum - disbanded this week after Donald Trump made egregious remarks in support of ACTUAL NAZIS in Charlottesville. Big shock, huh? 
  • ADULTING: Or not. Can we ban that word
  • MARKET MOVES: The stock market fell Thursday as a result of increased uncertainty caused by Donald Trump's comments on GOP leaders, as well as the terror attack in Barcelona. 
  • BIG FUCKING DEAL: Private equity firm Energy Capital Partners has agreed to acquire Calpine Corp., a U.S.-based power generator, in a deal worth $17 billion in cash and debt. Damn, that's a pricey company!
  • THRIFTY BUSINESS: A whole lot of Ivanka Trump's clothing line is ending up in Goodwill, according to Fortune
  • COLOR OF RISK: Women of color are exposed to more chemicals in beauty products than white women, according to researchers. Face lightening creams and hair relaxers could be the culprit.
  • #LOOSECHANGE: Don't forget to check out our recently launched blog, #loosechange! We posted a piece on what to do in the wake of the Charlottesville terror attack, as well as a much lighter travel money diary

- Alicia McElhaney / She Spends Issue #16

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Volatility Is Back, But Can It Last?

  • HIGHLY VOLATILE: Following President Donald Trump's commentary on North Korea this week, the volatility index, VIX, soared. In other words, the measure of risk in the stock market was up 45% by market close Thursday. Investors are concerned about what the president's comments on the country could do to the markets, and many are putting their money into stable assets like gold.
  • FAMILY TIES: Ivanka Trump is opening up a store for her clothing line... in the Trump Tower.Anyone else a little concerned by this nepotism? 
  • INTERNET DARLINGS: Snapchat and Blue Apron - two majorly hyped internet brands that first listed themselves on the stock market this year - are struggling. Despite initial investor excitement, both are down 40% since they first went public. Yikes. 
  • BOXED DEAL: Makeup retailer Birchbox is in talks regarding an acquisition with several retailers, including Walmart. The mega retailer has scooped up Bonobos and ModCloth, both digital-first companies, so an acquisition of Birchbox makes sense. 
  • DEPARTMENT STORE WOES: Macy's and Kohl's stores are seeing a sales slump, which is bad news for investors. Macy's stock fell 10% Thursday, while Kohl's fell 5%. 
  • UBER PROBLEMS: As Uber struggles to find a female CEO, its former executive, Travis Kalanick, has been sued by one of its early investors, Benchmark Capital, for fraud. 
  • BEAUTIFUL STAFF: Tarang Amin, the CEO of E.L.F. Cosmetics, talked about his staff this past week. According to Amin, the makeup purveyor is successful because its staff is full of diverse men and women. 

- Alicia McElhaney / She Spends Issue #15

Dismal CEO News, Support for Abortion Access & Equal Pay

  • MUST READ: We're unabashedly liberal here at She Spends. So we were pretty frustrated when we saw that the Democratic National Committee is not making a pro-choice stance a "litmus test" for candidates. Lindy West broke down in the New York Times why abortion is a must-support issue for Democrats. "There is no economic equality without the ability to terminate a pregnancy," West wrote.
  • TAKE CREDIT: Many men think they know how credit scores work. But a new study shows that men don't know a whole lot about credit. Good thing we do! 
  • EQUAL PAY: We recognized black women's equal pay day this week. Here's one of our favorite pieces about it, from Insecure's  Yvonne Orji.
  • 22,000: The stock market continued to soar this week. The Dow, a major marker for market performance, hit 22,000 for the first time, which was a pretty big deal. 
  • CEO SHAKEUPS: Two women CEOs stepped down this week. Irene Rosenfeld of Mondelez and Sheri McCoy, head of Avon, stepped down as a result of pressure from activist investors. Yikes. 
  • NFL CHEERLEADERS: The NFL Cheerleaders are fighting for better pay. They're making wages below the minimum, yet their bosses are paid some of the most money across industries. 
  • MISCARRIED COSTS: Having a miscarriage is an expensive experience, according to this new Refinery29 piece. A 20-hour hospital stay cost the writer more than $40,000. Woah. 

- Alicia McElhaney / She Spends Issue #14

Healthcare Update, Shine Theory & The Latest Market Outlook

  • HEALTHCARE UPDATE: At the time of writing, a healthcare bill still has yet to pass in the Senate. Be sure to let your voice be heard on the bill by calling the Senate switchboard at (202) 224-3121.
  • MARKET OUTLOOK: We're in the thick of earnings season, with companies like Amazon (AMZN), Twitter (TWTR) and Apple (APPL) reporting their second quarter results. The stock market fell Thursday, mostly thanks to mixed results from tech companies.
  • SHINE THEORY: Check out this list of five major networking tips. Our favorite? Celebrating others' accomplishments, aka shine theory.
  • SPEAKING OF SHINE: A really amazing project, He Said Whaaat? launched this week. Its aim is to tackle workplace sexism. 
  • POOR JUDGEMENT: Why judging the poor isn't actually helping anyone. (hint: empathy is necessary to fix systemic problems causing poverty.) 
  • BEAUTY BOX: Birchbox changed the way we think about beauty products. Here's how.
  • INFLECTION POINT: Are the equities markets at their peak? Howard Marks, the value investor who called the 2008 financial crisis, is warning clients to move investment to lower-risk equities. 

- Alicia McElhaney / She Spends Issue #13

Stock Market Reaches Record Highs, UK Unveils Plan to Combat Sexism In Advertising

  • MARKET MOVES: The NASDAQ and NYSE - two major benchmarks for the U.S. stock market - hit all time highs this week. This bull market doesn't seem like it's ending any time soon. 
  • CONFRONTING BIAS: Ever wonder how to deal with gender bias in the workplace? Inc. has you covered this week. 
  • BRAIN DRAIN: Ever feel exhausted after staring at your computer all day? It's mental exhaustion, and it can make you feel especially tired because the brain uses a ton of your body's energy. 
  • NO MORE SEXISM: So says Britain's advertising watchdog group. The Advertising Standards Agency has undertaken a review of advertising for gender stereotyping. 
  • BEST JOBS FOR WOMEN: Ever wonder what companies treat women the best? Fairy Godboss has a list of the best as of 2016. 
  • DOWNWARD STOCK: Yoga giant YogaWorks postponing its plan for an initial public offering because of "current market conditions." 
  • ACTIVIST EXIT: Activist investor Jana Partners has exited its investment in Whole Foods following Amazon's takeover of the company. Jana had owned an 8.2% stake, worth roughly $300 million.

- Alicia McElhaney / She Spends Issue #12

 

Another Day, Another Heinous Healthcare Bill Proposed By The Senate

 

  • HEALTHCARE: Another day, another healthcare bill proposed. This is the Senate's second attempt at creating a bill that will receive enough votes to pass. Many are pushing for this bill's passage because it would allow Republicans to make deep cuts to the federal deficit. But that doesn't reconcile the fact that millions would be unable to access healthcare. 
  • LULU TAKES ON YOUR HOME: Lululemon announced this week that it's launching a home line. 
  • GOOD EGGS: Thinking about donating your eggs? NY Times explored whether egg donors face long term health risks. The jury is still out on whether there are long term risks to donating.
  • BAD BET: The previously announced merger between sports fantasy sites DraftKings and FanDuel has been called off. The two were worried about potential antitrust lawsuits from the Federal Trade Commission, because they're the only two major players in the industry.
  • MONEY GUILT: Ever feel guilty about how much money you make? How to alleviate these feelings. 
  • STARTUP FOR WOMEN: The venture capital industry is coming under fire for the way it treats women, especially women of color. 
  • OUTSIDE IN: We love this series on immigrant women making their way in careers in the U.S. Paola Mathé, in this story, is a fashion icon.

- Alicia McElhaney / She Spends Issue #11

 

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Television Retail Networks Merge, While the White House Has a Major Wage Gap (Is Anyone Shocked?)

  • TV-READY DEAL: TV retail juggernaut QVC has agreed to acquire rival HSN for $2 billion. Interesting news for an industry that has almost exclusively moved online.
  • MARKET MOVES: The stock market fell to its lowest point since May on Thursday, July 6. This is because central banks (Wall Street speak for state-owned banks) have gotten more hawkish in recent months, signaling that they will raise interest rates. 
  • ALPHA RISING: Stock news site TheStreet launched a new series featuring women redefining business,  
  • FUN GIGS: A new Pew Foundation survey found that most people who join the gig economy do it for fun, rather than to make money. 
  • THAT JOKE ISN'T FUNNY ANYMORE: This read is an old one, but good. An author discusses the ongoing joke about women being bad with money - and why it's total bullshit.
  • LEAST SURPRISING NEWS EVER?: The Trump White House has a glaring wage gap. Is anyone actually surprised about this?
  • CROWDFUNDING LEAVE: Moms in the U.S. are starting to crowdfund leave from their jobs. Why? Could it be that we have abysmal leave policies? And that Ivanka Trump's posturing has little impact on actual policy?
  • EMOTIONAL LABOR IS REAL: And women in tech can't be the only employees to press for change. This Bloomberg article shares why.

- Alicia McElhaney / She Spends Issue #10

Walgreens, Rite Aid Deal Flounders, We Spend a TON on Weddings & Blue Apron Finally Goes Public

  • DEAL DREAMS DASHED: Your two favorite drugstore chains - Walgreens & Rite Aid - were set to merge earlier this year in a $9.4 billion deal. Attempts were thwarted by the Federal Trade Commission, which said the deal would create a monopoly. In response, the two scaled back the initial deal but haven't taken it off the table. Walgreens will buy half of Rite Aid's stores for $5.18 billion in cash. Rite Aid's stock fell 25% on the news because investors expected the deal to fail outright.
  • SPENDING FOR THE WEDDING: We read two interesting pieces this week on wedding costs. The first is an advice column: what to do when you can't afford a rich friend's wedding. The second is a study by wedding website The Knot on the average cost of a wedding in 2016. It's not pretty. 
  • CREEPY INVESTORS: Female founders seeking venture capital share their war stories about creeps who tried to make a pass at them -- while they were doing business. Yuck.
  • BLUE IPO: Blue Apron has finally been listed on the New York Stock Exchange. It listed at a price lower than expected thanks to that Whole Foods/Amazon deal, but at least it didn't lose any value on its first trading day.
  • HEDGE FUND TWITTER: Hedge fund investor, Bill Ackman has finally created a Twitter account, and business Tweeps are freaking out.
  • WOMEN, INTERRUPTED: A recent story from The Atlantic asks: "Why is the onus on women to curb workplace interruptions?"
  • LONG WEEKEND READING: We're obsessed with the Girls Night In newsletter. Best paired with a long weekend and a glass of white wine. 
  • OLD MONEY: The New York Times published a definitive guide to saving for retirement this week.

- Alicia McElhaney / She Spends Issue #9

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Amazon Transforms Grocery Industry, Uber's CEO Steps Down & Some Sad News for Us Feminists

  • WHOLE NEW DEAL: Last Friday, just after our newsletter published, Amazon announced that it would buy Whole Foods for $13.7 billion. It's a transformative deal for the online retailer, which has already signaled an interest in expanding into the food space. Other food retailers, including Jet.com, Krogers and Blue Apron shares plunged on the news. The deal still has yet to close, so be sure to watch out for potential antitrust actions to be taken against the two.
  • FREE LABOR: Did you follow a publication like HerCampus, Spoon University or The Odyssey when you were in college? They're profiting off of free labor. Paying writers is important!
  • KALANICK OUT: Uber's CEO finally stepped down after weeks of being roiled in scandal. We discussed last week. 
  • GADOT GETS MONEY: Or not...find out why she was paid so little to star in Wonder Woman. 
  • LADIES' 401K: A good friend wrote this week on why women are lagging when it comes to saving for retirement.
  • ANOTHER GAP: Women outnumber men in art school, but are underrepresented in the industry, a study shows. Go buy some art from your fav. female/non-binary person ASAP!
  • THEY DON'T REPRESENT!: Is it really any surprise that there are so few Republican women in Congress? (One reason could be that they don't represent women's needs!) Another? Republicans don't fund their campaigns. 

- Alicia McElhaney / Issue #8

What Will It Take For More Women to Win Elections

  • CAN WOMEN WIN?: What will it take for women to win in political office? Politico explored this week, and it's a big deal. Per the report, "the U.S. ranks 101st, below China, Iraq and Afghanistan, when it comes to gender equity in our national legislature." 
  • WHEN TO SEND A DICK PIC?: ABSOLUTELY NEVER. But especially not on LinkedIn, or else your company could become responsible. Yikes. 
  • KAMALA, INTERRUPTED: Did you catch the Jeff Sessions hearing in the Senate this week? Kamala Harris, a Democratic senator from California, came with her former-lawyer pants on, but was once again interrupted by her peers. Why can't people listen to women of color? So frustrating! 
  • GOLDILOCKS PAY?: Who is underpaid, who is overpaid, and who gets paid what they're worth
  • BEAUTIFYING: In last week's newsletter we discussed how the one woman CEO in charge of a Fortune 500 cosmetics company is Avon CEO Sheri McCoy. Not so fast. The Wall Street Journal is reporting that she has plans to step down.
  • PRETTIER NEWS: Check out how an economist mixes high end and drugstore products to make the perfect skincare and makeup routine. 
  • TECH LADIES: Women make up fewer than 10% of all venture capital backed tech startup owners, according to a new study. The numbers are worse when look at minorities. Just 2% of all VC-backed startups are owned by Latinos, while just 1% are owned by African Americans.
  • HUSTLIN': Do people actually make money from the sharing economy? A new study shows that 85% of people in the sharing economy make less than $500 per month. 

- Alicia McElhaney / She Spends Issue #7

Comey Fails to Move Markets, Uber Sucks, Transparency Rules

  • MARKET MOVES: Investors didn't respond much to the testimony of former FBI director James Comey before the Senate on Thursday. In fact, U.S. stocks were modestly higher Thursday, despite political uncertainty. 
  • UBER IS TRASH: As if you didn't already have a million reasons to switch to Lyft. This week, Kara Swisher and Johana Bhuiyan of Recode reported that Uber executives obtained medical records of a woman who had been raped by her Uber driver, then passed them around the company. He has been fired, but it's clear that the company is a major bro's club. Yikes. 
  • STRONG RETURNS: A Fidelity survey shows that women are better investors than men. Women, according to the survey, are better savers and investors.  
  • SO CHIC: The RealReal, an online designer retail boutique, secured $50 million in funding from Great Hill Partners this week. They've been slaying the fundraising game by raking in $173 million from investors so far. 
  • FEELING SPENDY: Internet friend & Glossier gal Dena Julia of Leo With Cancer wrote about spending money with stage IV metastatic breast cancer this week. Her essay is incredible. 
  • FEMINIST FIGHT CLUB: Based in New York? Check out this event on surviving a male dominated workplace, put on by Sally. 
  • TRANSPARENT: A study shows that employees are more motivated when companies are transparent about salaries. Both women and men benefit according to this 

- Alicia McElhaney / She Spends Issue #6

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